In this podcast, Oakworth Capital Bank Chief Investment Officer John Norris shares perspectives on current events that are impacting the economy and influencing investment strategies. Each episode explores the trends, developments and market forces shaping today's investment landscape.
*Oakworth Asset Management is a registered investment advisor. All advisory services, including investment management and financial planning, are offered through Oakworth Asset Management, LLC, which is owned by Oakworth Capital Bank, member FDIC, Equal Housing Lender. Investment products and services offered via Oakworth Asset Management, LLC are independent of the products and services offered by Oakworth Capital Bank and are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE. The information, opinions, comments, statements, views or recommendations expressed should not be considered professional, tax or legal advice; or as an offer to buy or sell or to make or consider any investment or course of action.
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Member FDIC. Equal housing Lender. Investments may lose value and are not bank guarantee.
Dec 5, 2024
The global wholesale diamond market has essentially collapsed over the last several years. Publicaly traded jewelry companies have been struggling with softer revenue and earnings. With the exception of perhaps ultra-high end brands, the demand for fine jewelry has essentially stalled. Is this due to the consumer being strapped for cash? Or have consumer preferences changed? After all, the demand for fine china and antique wooden furniture also seems to have waned. Could it be generational preferences or is it purely economic? Has supply outpaced demand?
In this week’s Trading Perspectives, Sam Clement and John Norris discuss how problems in the jewelry sector have more to do with alternatives and supply than changing consumer preferences.